Leading ready-mix concrete equipment maker Schwing Stetter, headquartered in Germany, joins hands with Einsite, US-registered Internet-of-Things (IoT) start-up which is having development centre in Hyderabad. The partnership between two companies is to digitise construction project management and execution. The partnership deal was signed by the Indian subsidiaries of the two companies — Invento Labs and Schwing Stetter India.

Driven by government push to infrastructure sector the sale of construction equipment is expected to grow 10-15%. The growth expected in the segment this year will come despite an increase in the prices of construction machines under the goods and services tax (GST) regime.

LiuGong recently celebrated selling over 350,000 wheel loaders worldwide. More than 300 people from the government and industry associates, LiuGong founding members, customers dealers, partners, key accounts and media attended the ceremony to witness the historical moment of achieving this milestone.

A Cat excavator is next to make an appearance on the big screen when it joins the team of hero robots in the highly anticipated film “Transformers: The Last Knight,” directed by Michael Bay. Along with the movie’s release, Caterpillar has announced that one of its machines has a small part in the film. The company says a Cat 320 excavator can be seen “hiding in an auto salvage yard” alongside Mark Wahlberg‘s character Cade Yeager and a group of Autobots.

A new report from Persistence Market Research (PMR) says global backhoe loaders market to grow to USD 4 Bn by 2026. The top eight manufacturers account for 85% of the worldwide revenue of USD 2.14 Bn backhoe loaders market in 2015.

John Deere has announced its largest acquisition to date with Wirtgen. The deal is worth over $5 billion for adding some German expertise. There is a strong strategic and financial rationale behind the deal, as the transaction could create a lot of value for John Deere in the coming years.

Volvo Construction Equipment has unveiled a fully electric compact excavator EX2 at its inaugural Innovation Summit in London, what the company believes to be the first fully electric compact excavator prototype.

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